Call reports 2007
VANTAGE BANK OF ALABAMA — 2007
What VANTAGE BANK OF ALABAMA reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 24,968,000 | 30,738,000 | 36,776,000 | 39,994,000 |
| Total loans | 11,695,000 | 16,348,000 | 19,652,000 | 25,914,000 |
| Allowance for loan losses | 146,000 | 205,000 | 243,000 | 319,000 |
| Securities available for sale | 1,504,000 | 1,973,000 | 2,003,000 | 6,176,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,918,000 | 20,741,000 | 26,752,000 | 29,852,000 |
| Interest-bearing deposits | 11,344,000 | 17,437,000 | 22,775,000 | 26,267,000 |
| Noninterest-bearing deposits | 3,574,000 | 3,304,000 | 3,977,000 | 3,585,000 |
| Equity capital | 9,898,000 | 9,784,000 | 9,766,000 | 9,778,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 341,000 | 837,000 | 1,397,000 | 2,028,000 |
| Interest expense | 88,000 | 263,000 | 493,000 | 776,000 |
| Net interest income | 253,000 | 574,000 | 904,000 | 1,252,000 |
| Noninterest income | 20,000 | 45,000 | 111,000 | 193,000 |
| Noninterest expense | 418,000 | 825,000 | 1,245,000 | 1,674,000 |
| Provision for loan losses | 94,000 | 154,000 | 193,000 | 270,000 |
| Pretax income | -239,000 | -360,000 | -423,000 | -499,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -239,000 | -360,000 | -423,000 | -499,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,895,000 | 9,800,000 | 9,763,000 | 9,713,000 |
| Total capital | 10,041,000 | 10,005,000 | 10,006,000 | 10,032,000 |
| Risk-weighted assets | 13,628,000 | 19,473,000 | 22,406,000 | 26,623,000 |